Coles MasterCard

Coles MasterCard is a credit card product provided by Coles Financial Services. Coles Financial Services is also a provider of life insurance, home insurance, and car insurance.

“Down, down, prices are down.”Coles MasterCard

Product Features: What Coles MasterCard offers

Coles MasterCard comes in three forms:

  1. Low Rate
  2. No Annual Fee
  3. Rewards

Coles Low Rate MasterCardcoles low rate mastercard

Features

  • Card type: MasterCard
  • Upgrade: If approved for a credit limit of over $6,000, you can upgrade to the Platinum Coles Low Rate MasterCard. (Platinum card includes complimentary access to 24/7 worldwide concierge service, and Merchandise Protection Insurance to protect items purchased using the card if they are lost, stolen, or damaged.)
  • Rewards program: Earn 1 flybuys point for every dollar spent. Receive $10 off your Coles Supermarket shop every time you redeem 2,000 flybuys points.
  • Convenience: MasterCard and flybuys in one card means you get to carry one less card in your wallet.
  • Free delivery: Free delivery from Coles online shopping when you use a Coles Credit Card.
  • Contactless payments: MasterCard Tap & Go technology allows you to use this card for payments of less than $100. Coles Mobile Wallet app (free) lets you pay and collect flybuys points using your smartphone instead of the card.
  • Online: Card can be managed through online banking and mobile app.
  • Security: Card protected by Coles Shield, which includes Falcon 24/7 fraud protection system with SMS alerts for unusual activity, chip technology, 24/7 worldwide helpline for fraud or lost/stolen cards, and MasterCard Zero Liability Guarantee against fraudulent or unauthorised transactions.

Rates and Fees

  • Interest rate on purchases: 99%
  • Interest free days: 62 if balance paid in full every month
  • Cash advance rate: 99%
  • Cash advance fee: Greater of 3% or $1.95
  • Annual fee: $49.00
  • Payment handling fee: $2.25 in person at Australia Post or in-store at Kmart or Target.
  • International fees: 50% fee on all purchases and cash advances overseas; $4 ATM cash withdrawal fee overseas; $5 over-the-counter cash advance fee overseas
  • Paper statement fee: $0.50/statement
  • Late fee for overdue minimum payment: $20

Coles No Annual Fee MasterCardcoles no annual fee mastercard

Features

  • Card type: MasterCard
  • Upgrade: If approved for a credit limit of over $6,000, you can upgrade to the Platinum Coles No Annual Fee MasterCard. (Platinum card includes complimentary access to 24/7 worldwide concierge service, and Merchandise Protection Insurance to protect items purchased using the card if they are lost, stolen, or damaged.)
  • Rewards program: Earn 1 flybuys point for every dollar spent. Receive $10 off your Coles Supermarket shop every time you redeem 2,000 flybuys points.
  • Convenience: MasterCard and flybuys in one card means you get to carry one less card in your wallet.
  • Free delivery: Free delivery from Coles online shopping when you use a Coles Credit Card.
  • Contactless payments: MasterCard Tap & Go technology allows you to use this card for payments of less than $100. Coles Mobile Wallet app (free) lets you pay and collect flybuys points using your smartphone instead of the card.
  • Online: Card can be managed through online banking.
  • Security: Card protected by Coles Shield, which includes Falcon 24/7 fraud protection system with SMS alerts for unusual activity, chip technology, 24/7 worldwide helpline for fraud or lost/stolen cards, and MasterCard Zero Liability Guarantee against fraudulent or unauthorised transactions.

Rates and Fees

  • Interest rate on purchases: 99%
  • Interest free days: 62 if balance paid in full every month
  • Cash advance rate: 99%
  • Cash advance fee: Greater of 3% or $1.95
  • Annual fee: $0
  • Payment handling fee: $2.25 in person at Australia Post or in-store at Kmart or Target.
  • International fees: 50% fee on all purchases and cash advances overseas; $4 ATM cash withdrawal fee overseas; $5 over-the-counter cash advance fee overseas
  • Paper statement fee: $0.50/statement
  • Late fee for overdue minimum payment: $20

Coles Rewards MasterCardcoles rewards mastercard

Features

  • Card type: MasterCard
  • Upgrade: If approved for a credit limit of over $6,000, you can upgrade to the Platinum Coles Rewards MasterCard. (Platinum card includes complimentary access to 24/7 worldwide concierge service, and Merchandise Protection Insurance to protect items purchased using the card if they are lost, stolen, or damaged.)
  • Rewards program: Earn 2 flybuys points for every dollar spent. Receive $10 off your Coles Supermarket shop every time you redeem 2,000 flybuys points.
  • Convenience: MasterCard and flybuys in one card means you get to carry one less card in your wallet.
  • Free delivery: Free delivery from Coles online shopping when you use a Coles Credit Card.
  • Contactless payments: MasterCard Tap & Go technology allows you to use this card for payments of less than $100. Coles Mobile Wallet app (free) lets you pay and collect flybuys points using your smartphone instead of the card.
  • Online: Card can be managed through online banking.
  • International: No international transaction fees on purchases when shopping online or overseas.
  • Security: Card protected by Coles Shield, which includes Falcon 24/7 fraud protection system with SMS alerts for unusual activity, chip technology, 24/7 worldwide helpline for fraud or lost/stolen cards, and MasterCard Zero Liability Guarantee against fraudulent or unauthorised transactions.

Rates and Fees

  • Interest rate on purchases: 99%
  • Interest free days: 62 if balance paid in full every month
  • Cash advance rate: 99%
  • Cash advance fee: Greater of 3% or $1.95
  • Annual fee: $89
  • Payment handling fee: $2.25 in person at Australia Post or in-store at Kmart of Target.
  • International fees: 00% fee on all purchases overseas; 2.50% fee on cash advances overseas; $4 ATM cash withdrawal fee overseas; $5 over-the-counter cash advance fee overseas
  • Paper statement fee: $0.50/statement
  • Late fee for overdue minimum payment: $20

Eligibility to apply for Coles MasterCard

To apply for any of the Coles MasterCard products, you must be able to satisfy the following criteria:

  • At least 18 years old.
  • Permanent resident of Australia.
  • Not bankrupt.

The inclusions mentioned represent a selection of what is covered at the time of writing. Additional terms and conditions may apply to different features. Additional fees may apply to the product. CANSTAR is not making any suggestion or recommendation to you about this product. Please ensure that you read the product disclosure statement to determine all the current options and inclusions for the product you are considering.

CANSTAR is an information provider and in giving you product information CANSTAR is not making any suggestion or recommendation about a particular credit product. If you decided to apply for a credit card you will deal directly with a financial institution, and not with CANSTAR. Rates and product information should be confirmed with the relevant financial institution. For more information, read our detailed disclosure, important notes, and additional information.

About Coles Financial Services

Coles began in 1914 as a discount store with the slogan “nothing over 2/6”. They branched out into financial services in the 21st century.

Coles Financial Services was the first to market in Australia with a No Annual Fee credit card. Their products are underwritten by some of the biggest financial service providers in Australia.

Coles has more than 101,000 team members and they see 18 million transactions every week. Coles provides financial services, fresh food, groceries, general merchandise, and fuel to more than 20 million customers on average each week through its store network and online platform.

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Written by: TJ Ryan